Job Market Monitor
Politics & Policies
National Job Guarantee in US – Considerable uncertainty associated with its impacts
Despite a relatively strong U.S. economy in late 2018, many workers continue to experience stagnant wages and underemployment. In response, policy interventions like subsidized wages, training and search assistance, expanded public employment, and federal guarantees of employment have all been proposed, but relatively little is known about how a federal job guarantee would function. We … Continue reading
Apprenticeship in UK – Understanding recent changes
In 2017 there was overhaul to the apprenticeships system in England: large firms were required to pay 0.5 per cent of their wage bill into an apprenticeship levy, while regulations on training and delivery were firmed up. Two years on, this briefing note takes stock of the system, looking at what’s changed, why and where … Continue reading
A Unified VE System in NZ – Putting industry in charge and ensuring regional skills needs are met
To have effective vocational education, industry needs a say in what providers teach so that on-campus and online students learn the skills they need to be ready for the world of work. Around four to seven industry-governed Workforce Development Councils will be set up from 2020 onwards to give industry greater leadership across vocational education. … Continue reading
Immigration and the Future of Labor Market in US – A plan could be paired with assistance, including the acquisition of new skills
Although the U.S. economy had a banner year in 2018, posting 3 percent gross domestic product (GDP) growth, the long-run projections are not nearly as bright. GDP growth is an- ticipated to average less than 2 percent annually over the next decade, and slow labor force growth is a key underlying reason. U.S. labor force … Continue reading
US – Private Sector Payroll Jobs During Presidential Terms
Th[is] graph is for private employment only. Mr. Trump is in Orange (30 months). The employment recovery during Mr. G.W. Bush’s (red) first term was sluggish, and private employment was down 821,000 jobs at the end of his first term. At the end of Mr. Bush’s second term, private employment was collapsing, and there were net 382,000 private … Continue reading
Monetary Policy – We have reached the limit of what it can be expected to do
Though the U.S. economy is apparently at or close to full employment, wages have barely budged above the level that would be justified by productivity increases and inflation alone. There is little or no inflationary pressure. The so-called Phillips curve that once mapped the inverse relationship between unemployment and inflation is not serving as a … Continue reading
Retirement in Canada – The Canadian Institute of Actuaries proposes to defer it
The CIA is proposing changes to the age at which benefits should be made available to Canadians under Canada’s retirement income systems and tax-assisted private savings programs, specifically the Canada Pension Plan/Quebec Pension Plan (CPP/QPP), Old Age Security (OAS), and registered pension plans and Registered Retirement Savings Plans (RRSPs). This document is intended to engage … Continue reading
Minimum Wage in Ontario – Low-income Individuals and Families Tax (LIFT) credit will provide fewer benefits to Ontarians than cancelled minimum wage increase
Peter Weltman, Financial Accountability Officer of Ontario, has just released a commentary Comparing the LIFT Credit to a Minimum Wage Increase. “The LIFT credit will provide fewer benefits to minimum wage workers than increasing the minimum wage from $14 per hour to $15 per hour,” says Weltman. The Province introduced the LIFT credit to provide … Continue reading
Future of Employment Services in Australia – A report on stakeholders views
In July 2018, the Department of Jobs and Small Business (the Department) commissioned the Social Research Centre to review and analyse the submissions received in response to the Discussion Paper, ‘The Next Generation of Employment Services’ which was released for public comment in late June 2018. Over 450 responses were received from individuals, employment service … Continue reading
Future of Work in Australia – A literature review
The impact of globalisation is expected to increase as digital technologies increasingly enable the movement of labour virtually (Baldwin, 2018). We are seeing teleworking becoming mainstream, the rise of the ‘digital nomad’ where a person can work from anywhere in the world, and contingent employment models (Roos and Shroff, 2017). These changes will influence where … Continue reading
Minimum Wage in UK – National Living Wage (NLW) at 60 per cent of median earnings by October 2020
This Monday, the 1st April, 2 million people working minimum-wage jobs will start the week with a pay rise. The National Living Wage (NLW), the rate that applies to 25+ year olds, will rise by 38p, from £7.83 to £8.21. We project that this will increase the number of people paid at the wage floor … Continue reading
Australia – Review of the Qualifications Framework
The AQF The AQF puts senior secondary school, vocational education and training (VET) and higher education qualifications into a single, national framework. Ithas played an important role in the quality assurance of Australia’s well-regarded tertiary education system and sets out the nature and purpose of senior secondary education. The AQF is used to assist recognition … Continue reading
The Working-Class America – Arresting the decline and building bridges back to opportunity
The 2016 election put the plight of working-class America front and center in American politics. A long-neglected and largely forgotten voting bloc thought by many to be shrinking to the point of irrelevance suddenly mattered, nationally and in every state. But more important even than the political consequences, the campaign and what followed shone a … Continue reading
Low Skills in Europe – The Upskilling pathways
In 2017, 15.7% of low-qualified young Europeans aged 15 to 29 were not in education, employment or training (NEET), compared to 9.6% of their better educated peers. In the same year, the unemployment rate of low-qualified adults of working age (25 to 64) stood at 13.9% in the EU-28 while that of their highly qualified … Continue reading
The Global Compact for Safe, Orderly, and Regular Migration – A commitment to pursue 23 objectives
Global governance of international migration received an upgrade in 2018. For the first time—and not without controversy—governments succeeded in negotiating an agreement to cooperate to make migration work better, with less danger and greater rewards. The Global Compact for Safe, Orderly, and Regular Migration is the first comprehensive framework of principles and objectives to guide … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
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Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
